In January, the global manufacturing sector showed initial signs of breaking away from its persistent weakness. With significantly stronger recovery strength compared to the previous month, the prevalence of recovery was also relatively good. The elevated strength of the global manufacturing sector’s recovery has had a positive impact on improving expectations for the global economy.
The prosperity index of China’s cotton textile industry came in at 50.9% in January this year, up 0.2 percentage points from December 2023.
In January, the raw material purchasing index came in at 52.9%, up 4.2 percentage points over December 2023; the raw material inventory index came in at 52.5%, up 4.2 percentage points month-on-month; the production index was 50.9%, down 0.4 percentage points from December last year; the product sales index came in at 50.9%, down 0.4 percentage points from the previous month; the product inventory index was 49.7%, down 2.8 from December 2023 and the business index came in at 49.8%, down 2 percentage points from the previous month.
The prosperity index of China’s cotton textile industry is based on the weighted calculation of numerous main indicators of about 200 backbone cotton textile enterprises. A reading above 50 indicates expansion, while a reading below reflects contraction.
Prosperity Index of China Cotton Textile Industry
Source: CHINA TEXTILE LEADER Express
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